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Nikkei Soars 1.9%, Trade Deficit Plunges in September

Hiruki Nakamura
21 Oct, 2015
New York City

Nikkei average in Tokyo jumped 1.9% to a six-week high after exports in September rose less-than-expected stoking the speculation of another round of stimulus from the government. Nidec Corp soared after reporting better-than-expected sales and lifted annual sales outlook.

BHP Iron Ore Production Growth Supports Australian Indexes Advance

Marcus Jacob
21 Oct, 2015
New York City

Australian market indexes gained and the Aussie dollar hovered below 73 U.S. cents. BHP Billiton reported iron ore production in fiscal first-quarter soared 7% to a record high. Sydney Airport said September traffic increase was driven by a sustained increase of tourists from India and China.

HDFC Bank Net Jumps 21%, Hero and Bajaj Sales Struggle

Mukesh Buch
21 Oct, 2015
New York City

HDFC Bank said quarterly profit jumped 21%. Bajaj Auto and Bajaj Finserv net surged. ACC net declined 40%. Everest Ind net swung to a loss. Hero MotoCorp net rose 1% but revenues fell 2%. Mphasis profit surged 22%.

BNY Mellon, United Tech, Verizon Jump; Amsurg, Harley-Davidson, IBM Fall

Mukesh Buch
20 Oct, 2015
New York City

Yum! Brands plans to spin off its China operation. Team Health rejected takeover proposal from Amsurg. IBM revenues declined. BNY Mellon profit and revenues plunged. Harley-Davidson net declined. Lockheed Martin lifted sales forecast. United Technologies net tumbled.

Deutsche Bank Transfers $6B in Error; Swedbank, Whitbread Profit Soar

Nigel Thomas
20 Oct, 2015
New York City

Deutsche Bank

Hindustan Zinc, Bajaj Fin, GRUH Fin Net Soar; Gati Net Falls

Mukesh Buch
20 Oct, 2015
New York City

Hindustan Zinc said quarterly profit rose 5%. State Bank of Bikaner net surged 52% but gross non-performing assets remained above 4%. Bajaj Finance quarterly revenues increased 37%. Can Fin Homes net soared 91%. GRUH Finance net Jumped 20%. Gati net fell 17%.

Nikkei Extends Gains Ahead of Trade Data

Hiruki Nakamura
20 Oct, 2015
New York City

Nikkei in Tokyo closed higher and awaited international traded data tomorrow. Aeon Co reported first-half sales soared 19%. Genky Stores said estimated annual sales to increase 20% and net income to rise 7%.

In Sydney Trading Brambles, Cochlear and Newcrest in Focus

Marcus Jacob
20 Oct, 2015
New York City

Australian market indexes closed down and the Aussie dollar held firm in active trading. Brambles Limited raised $500 million through a bond offering. Cochlear Limited reaffirmed its annual earnings outlook. Newcrest Mining said gold production in third-quarter declined 13%.

Cautious Advance on Wall Street with Tech Earnings in Focus

Nichole Harper
19 Oct, 2015
New York City

Stocks advanced cautiously higher on Wall Street as tech companies dominate busy earnings season this week. Energy companies declined after crude oil dropped nearly 3%. Morgan Stanley reported profit declined for the second quarter in a row. Weight Watchers more than doubled.

Australian Markets Faltered Despite China Growth Data

Marcus Jacob
19 Oct, 2015
New York City

Australian market indexes traded volatile and the Aussie dollar held near its recent high. Iron ore prices firmed up after China reported better-than-expected 6.9% economic growth. Treasury Wine Estate completed capital raising to pay for the wine unit of Diego in the U.S. and U.K.

China GDP Data Trims Nikkei Losses, Tokyo Electric to Raise $2.8 B

Hiruki Nakamura
19 Oct, 2015
New York City

Nikkei average in Tokyo trimmed losses after China reported slightly better than expected third-quarter economic growth of 6.9%. Tokyo Electric Power rose after a report suggested that the company plans to raise $2.8 billion in bonds in the fiscal 2016.

CRISIL, UltraTech Cement Net Rise; HCL Technologies Net Falls

Mukesh Buch
19 Oct, 2015
New York City

Infosys entered into a joint venture with IBM to develop cloud based services. CRISIL said third-quarter revenues rose 14%. HCL Technologies net in the first-quarter fell 3% but revenues barely rose 3%. UltraTech Cement quarterly net rose 3%.

Diebold to Buy Germany-based Wincor, Christian Dior Profit Surges

Nigel Thomas
19 Oct, 2015
New York City

Wincor Nixdorf agreed to be acquired by the U.S.-based Diebold for about

Morgan Stanley Net Tumbles, Weight Watchers Surges on Oprah Deal

Mukesh Buch
19 Oct, 2015
New York City

Morgan Stanley revenues and profit declined. Oprah Winfrey agreed to acquire 10% stake in Weight Watchers. Diebold agreed to acquire the Germany-based Wincor Nixdorf. WEX agreed to buy Electronic Funds Source for $1.1 billion. Halliburton net swung to a loss. Hasbro net soared 15%.

With Earnings in Focus Wall Street Power Ahead, Match to Go Public

Nichole Harper
16 Oct, 2015
New York City

Market indexes on Wall Street edged higher and for the week the S&P 500 index increased 0.9%. Match Group Inc, the owner of a portfolio of dating sties, filed for an initial public offering. Jobless rate in California State fell to eight year low of 5.9%.

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